Umbrella insurance is a type of insurance policy that can supplement the liability portion of your standard personal insurance policies.

It can provide additional benefits above and beyond that which comes with your regular policy, giving you added protection when you may need it most.

Should you purchase this policy from your insurance agency?

Learn what it is and how it could help you to decide whether umbrella insurance is a worthwhile purchase for you!

What Is Umbrella Insurance?

Umbrella insurance is a supplemental ;policy that provides added liability coverage over what your regular homeowners, automobile, or watercraft insurance policy carries, giving extra coverage in times when you could be held liable for the injuries or damages suffered by other people.

The main purpose of this policy is to give you an extra layer of protection that essentially protects your personal assets, including your income, by paying benefits where other policies would otherwise leave you personally liable in those cases.

How Does Umbrella Insurance Work?

Umbrella insurance works by paying benefits if and when the liability limits of your standard home or auto policies have been exhausted.

In other words, if you are liable for damages that exceed what your policy limits, the umbrella policy will cover the difference up to its limit.

What Does Umbrella Insurance Cover?

Beyond the standard coverage it provides for injuries and property damage for which you are liable, umbrella insurance also provides coverage for things like vandalism as well as damages due to slander, libel, and invasion of privacy that may not be covered by your standard policies.

This policy will also pay any legal defense fees you may incur from an accident or incident for which you could be liable and it covers you either in or outside of the country and is available from most insurance agencies.

Who Should Get Umbrella Insurance?

Based on its relatively low cost in comparison to the benefits it provides and the cost of your other insurance policies, an umbrella policy is a worthwhile investment in personal protection for just about anyone who owns property or assets and has some degree of risk.

These risks include but are not limited to:

  • Being a homeowner or landlord.
  • Participating in sports or coaching kids sports or activities where injuries are a possibility.
  • Volunteer work.
  • Being a board member for a non-profit organization.
  • Activities such as posting online product or business reviews.

If you have any assets at all and there is a possibility that you could be held liable for someone’s injury or damages even if accidental or unintentional, an umbrella policy can protect you should things go awry.

Umbrella Policy Final Thoughts

Umbrella insurance is an affordable insurance policy that you can get from most homeowners insurance providers to give yourself added liability coverage that extends beyond what is provided by standard home, auto, and watercraft policies.

This unique policy protects your assets and finances in the event you are held liable for damages or injuries to someone else that exceed the limitations of your other policies.

To protect your home, savings, investments, and other assets with this useful policy, talk to your insurance agent today!

Looking At Umbrella Insurance in Bryan Texas?

Jones & Associates Can Write What You Need!

Call (979) 599-7532 to Learn More!